Ports & Ships Maritime News

Feb 8, 2007
Author: P&S

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  • Grindrod acquires the remaining half of CMC Grindrod

  • Coega secures another smelter

  • Another Namibian acquisition for Grindrod

  • Coega container terminal extensions revealed

  • Finance Minister Manuel to meet his G7 counterparts in Germany

  • Pic of the day – LNG EXCELERATE

    EMAIL: jhughes@hugheship.com
    WEB SITE: www.hugheship.com

    Grindrod acquires the remaining half of CMC Grindrod

    Grindrod, South Africa’s largest shipping and logistics business, yesterday announced the acquisition of the remaining 50 percent of CMC Grindrod from Cross Country Containers Africa, a subsidiary of Safmarine.

    CMC Grindrod provides container depot facilities in Cape Town, Port Elizabeth, Durban and Johannesburg for the storage, handling and repair of General Purpose and Reefer containers. In addition the company provides full container storage and handling for imports, exports and transhipments from its national facilities.

    “It will be business as usual,” said Dave Rennie, Grindrod Director. “The change in shareholding will not have an impact on the management of the business as we have been fully involved with the strategy and direction of the business for some time, as a previous 50 percent shareholder. This acquisition goes hand in hand with our acquisition of Cross Country Containers last year and supports our strategy of providing a complete logistical supply chain to the freight industry in Southern Africa.” Cross Country Containers specialise in the provision of inland transport and logistical services of full and empty containers by rail or road.

    The purchase amount is undisclosed, but the acquisition forms part of Grindrod’s stated intention of investing R1 billion in the expansion and development of the freight services businesses.

    “We have invested in numerous businesses over the last 24 months and will continue to look for opportunities which provide synergies in our business and adds value for all our stakeholders,” said Grindrod CEO Alan Olivier.

    Coega secures another smelter

    According to the EP Herald, a billion-rand ferro-manganese smelter is to be built in the Coega industrial development zone close to the new port of Ngqura in which manganese ore will undergo beneficiation before being exported.

    The news was disclosed by the state-owned Industrial Development Corporation (IDC) during a mining conference being held in Cape Town. The IDC said that Kalahari Resources will hold 80 percent of the shares and Kalagadi Manganese the other 20 percent. Kalahari Resources is a women-based black economic empowerment company.

    The report said the project envisaged the establishment of a mine at Hotazel which would produce 1.5 million tons of manganese ore a year, as well as a ferro-manganese alloy production facility in Coega. Ferro-manganese is an important ingredient in the production of steel. The entire project including the smelter at Coega and the mine in the Northern Cape will cost an estimated R3 billion.

    The project may also hasten the necessary upgrade of the railway line linking Port Elizabeth with the Hotazel region, while also speeding a decision to relocate the existing manganese facility at Port Elizabeth to the new port at Ngqura. The new port has a bulk handling berth and bulk storage area that was designed with the export of manganese ore in mind.

    The news comes hot on the heels of confirmation that Alcan will develop a R20-Billion aluminium smelter at Coega – the project has been under discussion for a number of years and at one time was seen as the anchor tenant ‘linch-pin’ around which the construction of a new port in the Eastern Cape was based.

    Interest from the shipping lines in developing a transshipment container terminal at Ngqura subsequently took some of the heat off the much delayed aluminium smelter decision.

    source – EP Herald

    Another acquisition for Grindrod

    King & Sons Namibia (Pty) Ltd, a member of the South African Shipping Group, Grindrod Limited, yesterday announced the 49 percent acquisition in Erundu Stevedoring (Pty) Ltd., a well established Cargo Handling entity based in Walvis Bay.

    “This acquisition is in line with the Grindrod Group’s strategy of providing a complete supply chain for our customers and will provide a value added service for our agency principals while at the same time adding substantial capacity to the operations within the Port of Walvis Bay,” said Mahomed Kajee, General Manager King & Sons.

    The current shareholders and Directors, Mr Manfred Namaseb and Mr David Mbako-Karingombe are prominent local business men with interests in various sectors.

    Grindrod will oversee the day to day management of the business with immediate effect under Mr. Reinhardt Küsters, recently appointed a Director of the company.

    The purchase amount is undisclosed.

    Coega container terminal extensions revealed

    Details of a proposal to extend the Ngqura (Coega) container terminal in the Eastern Cape have been revealed in an environmental scoping report made available for comment this week.

    The planned extensions will see the number of berths at the container terminal doubled to four and the planned capacity of the terminal increased from 400,000 TEU by 2008 to 1.25 million-TEU by 2015/16.

    The dramatic increase indicates that the planned method of container handling, still not confirmed, is likely to involve rubber tyre gantries (RTGs) with containers being stacked five or more high in order to achieve the 1.25m TEU capacity mentioned in the report.

    To accommodate an additional two berths the quay will be extended by an additional 580 metres - the existing quay wall measures 760m in length. The container terminal basin is largely complete from an engineering perspective but work on completing the stacking area has not proceeded at the same pace with the first ship not due until next year. Additional dredging will be necessary to facilitate the extended quay wall.

    In addition to the enlarged container terminal the National Ports Authority is also seeking the go-ahead to construct a tug and harbour craft basin, to be situated on the eastern side of the new port. The planned basin will be able to accommodate up to six harbour tugs and appropriate harbour craft although Ngqura will initially be equipped with three tugs and a pilot boat plus ancillary craft.

    In terms of the environmental impact assessment a public meeting is scheduled to be held in the Port Elizabeth City Hall on Thursday 15 February 2007.

    source – EP Herald

    Finance Minister Manuel to meet his G7 counterparts in Germany

    by Oupa Segalwe, BuaNews

    Finance Minister Trevor Manuel will meet with the Group of 7 (G7) Ministers of Finance and Central Bank Governors in Essen, Germany on Friday, the Treasury said today.

    Some of the issues that will be discussed include Bond Markets in Emerging Economies and Trade.

    The meeting will also discuss:
    * Improving the stability of the global financial markets;
    * Fiscal policy to promote energy efficiency and renewable energy; and
    * Good governance with respect to fiscal policy in Africa and International Monetary Fund (IMF) reform.

    The Treasury said Minister Manuel was invited by the G7, together with finance ministers from Brazil, India, Russia, China and Mexico.

    The G7 comprises Germany (the current chair), Italy, France, the United Kingdom, the United States of America, Canada and Japan.

    These are industrially advanced countries that account for more than 60 percent of the world economy.

    Finance Ministers and Central Bank Governors in these countries meet regularly to discuss global financial and economic markets.

    The Finance Ministers of India, Brazil, South Africa and China (IBSA-China) will convene a working session ahead of the G7 forum to discuss and consolidate a common approach on a range of economic and financial matters.

    South Africa is currently the chair of the Group of 20 (G20) which includes the G7 countries.

    After taking over the reigns from Australia in Melbourne last year as the G20 chair for 2007, Mr Manuel told reporters in Pretoria that South Africa would strive for the reform of the World Bank and the IMF - one of the issues that will take centre stage at Friday's meeting.

    Apart from SA and the G7 countries, other members of the G20 are Australia, Argentina, Brazil, China, India, Indonesia, South Korea, Mexico, Russia, Saudi Arabia, Turkey and the European Union.

    The G20 members account for 90 per cent of the global economy, 80 per cent of world trade and two thirds of the world's population.

    The department said Mr Manuel regretted that the meeting coincided with the opening of Parliament in Cape Town.

    Pic of the day – LNG EXCELERATE

    Click on image to enlarge – with some browsers click twice

    The impressive 93,719-gt Belgian LNG carrier EXCELERATE berthed in Cape Town yesterday to load bunkers. The ship was built in 2006 and is owned by a blind company named Excelerate NV and managed by Exmar NV of Belgium. Picture by Ian Shiffman

    NB Shipping pictures submitted by readers are always welcome – please email to info@ports.co.za

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